Spain Coins Term To Explain Why Journalism Salaries Are So Low

The Madrid Press Association has published “Libro Negro del Periodismo en España” (“The Black Book of Spanish Journalism”) in an attempt to analyze the current media situation in Spain.

It’s no surprise that the situation in Spain is much like most of the rest of the world: newspapers are increasingly unable to pay for big, expensive, important watchdog journalism.

Here’s an excerpt from an interview between Bernardo Diaz Nosty, journalism professor at the University of Malaga and author of the Black Book, and PBS MediaShift.

“What problems does the journalism profession face today?”

BDN: The replacement of well-paid, experienced professionals by young people fresh out of college, who earn no more than $1,500 or $2,000 a month. And also, hiring many interns, fellows …

“You write about an “academic bubble” in the book. What do you mean?”

BDN: I refer to the 75,000 journalism graduates in Spain, to which you need to add thousands graduating with degrees in communication, advertising, etc.

The market and the industry cannot absorb them. But as long as there is such a large supply of graduates, companies will take advantage of the situation and pay miserable wages. This deteriorates journalists’ social prestige and independence.

“Academic Bubble” = too many journalists, not enough jobs. We like it.